Amcor (NYSE:AMCR) Hits New 52-Week Low - Here's Why

Key Points

• Amcor PLC's stock reached a new 52-week low of $8.31, reflecting ongoing volatility with a current trading price of $8.33.
• Despite the low stock price, several analysts have upgraded Amcor's rating, with a consensus average target price of $11.42 indicating potential upside.
• The company announced a quarterly dividend of $0.1275 per share, with a notable annualized yield of 6.1% despite a high payout ratio.

Amcor PLC (NYSE:AMCR - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $8.31 and last traded at $8.33, with a volume of 2350159 shares. The stock had previously closed at $8.42.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. UBS Group upgraded shares of Amcor from a "neutral" rating to a "buy" rating in a research note on Thursday, June 26th. Wells Fargo & Company increased their target price on shares of Amcor from $10.00 to $11.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Robert W. Baird lowered their target price on shares of Amcor from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Friday, August 15th. Truist Financial set a $11.00 price objective on shares of Amcor and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, Jefferies Financial Group assumed coverage on shares of Amcor in a research report on Wednesday, July 2nd. They set a "buy" rating and a $12.00 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $11.42.

Amcor Stock Performance

The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.71 and a current ratio of 1.21. The company's 50-day moving average price is $9.28 and its two-hundred day moving average price is $9.40. The stock has a market cap of $12.03 billion, a PE ratio of 23.15, a PEG ratio of 1.13 and a beta of 0.72.

Amcor (NYSE:AMCR - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). Amcor had a net margin of 3.40% and a return on equity of 19.43%. The business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.18 billion. During the same period in the prior year, the business posted $0.21 EPS. Amcor's revenue for the quarter was up 43.8% on a year-over-year basis. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. On average, equities research analysts forecast that Amcor PLC will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 5th will be issued a dividend of $0.1275 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.51 annualized dividend and a dividend yield of 6.1%. Amcor's dividend payout ratio (DPR) is currently 141.67%.

Insider Activity at Amcor

In other Amcor news, Director Stephen E. Sterrett bought 10,000 shares of Amcor stock in a transaction that occurred on Tuesday, August 19th. The shares were bought at an average price of $8.55 per share, with a total value of $85,500.00. Following the acquisition, the director owned 10,000 shares in the company, valued at approximately $85,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.60% of the company's stock.

Institutional Investors Weigh In On Amcor

A number of large investors have recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Amcor by 41.4% during the 2nd quarter. State Street Corp now owns 129,701,986 shares of the company's stock valued at $1,191,961,000 after purchasing an additional 37,982,310 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Amcor by 61.8% during the 2nd quarter. Vanguard Group Inc. now owns 110,228,036 shares of the company's stock valued at $1,012,996,000 after purchasing an additional 42,122,135 shares in the last quarter. M&G PLC boosted its stake in shares of Amcor by 23.4% during the 2nd quarter. M&G PLC now owns 85,596,005 shares of the company's stock valued at $770,364,000 after purchasing an additional 16,212,783 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Amcor by 62.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 80,770,303 shares of the company's stock valued at $742,279,000 after purchasing an additional 30,938,660 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Amcor by 55.3% during the 2nd quarter. Geode Capital Management LLC now owns 58,845,923 shares of the company's stock valued at $538,551,000 after purchasing an additional 20,946,520 shares in the last quarter. Institutional investors own 45.14% of the company's stock.

About Amcor

Amcor plc develops, produces, and sells packaging products in Europe, North America, Latin America, Africa, and the Asia Pacific regions. The company operates through two segments, Flexibles and Rigid Packaging. The Flexibles segment provides flexible and film packaging products in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries.

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